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July 18, 2010 at 11:32 AM #580701July 18, 2010 at 12:12 PM #579686scaredyclassicParticipant
gold.
July 18, 2010 at 12:12 PM #579779scaredyclassicParticipantgold.
July 18, 2010 at 12:12 PM #580311scaredyclassicParticipantgold.
July 18, 2010 at 12:12 PM #580417scaredyclassicParticipantgold.
July 18, 2010 at 12:12 PM #580721scaredyclassicParticipantgold.
July 18, 2010 at 1:01 PM #579696Rich ToscanoKeymaster[quote=jpinpb]Okay. I’m trying to follow along, but I’m still grappling w/understanding this. The only thing I keep coming back to is the houses, “asset” has gone down in value. That is fine if you just hold, don’t sell, etc. The money isn’t *destroyed*.
The reality is that people extracted money/equity and went on spending binges. They are not doing that now. Okay. To a lesser degree, people are living for free for up to 2 years, so they still are able to spend somewhat. Things didn’t come to a crashing, grinding halt. Nevertheless, the money being spent and circulated is considerably less.
Yes, the government is printing money. Indirectly this has also allowed people to live for free for 2 years, IMO, and hence money continues to be spent.[/quote]
Sounds like you understand it just fine… the only thing is there is more to the economy than home equity loans, so to the extent that home equity loans are no longer contributing to monetary growth/spending, there are other things that can.
July 18, 2010 at 1:01 PM #579789Rich ToscanoKeymaster[quote=jpinpb]Okay. I’m trying to follow along, but I’m still grappling w/understanding this. The only thing I keep coming back to is the houses, “asset” has gone down in value. That is fine if you just hold, don’t sell, etc. The money isn’t *destroyed*.
The reality is that people extracted money/equity and went on spending binges. They are not doing that now. Okay. To a lesser degree, people are living for free for up to 2 years, so they still are able to spend somewhat. Things didn’t come to a crashing, grinding halt. Nevertheless, the money being spent and circulated is considerably less.
Yes, the government is printing money. Indirectly this has also allowed people to live for free for 2 years, IMO, and hence money continues to be spent.[/quote]
Sounds like you understand it just fine… the only thing is there is more to the economy than home equity loans, so to the extent that home equity loans are no longer contributing to monetary growth/spending, there are other things that can.
July 18, 2010 at 1:01 PM #580321Rich ToscanoKeymaster[quote=jpinpb]Okay. I’m trying to follow along, but I’m still grappling w/understanding this. The only thing I keep coming back to is the houses, “asset” has gone down in value. That is fine if you just hold, don’t sell, etc. The money isn’t *destroyed*.
The reality is that people extracted money/equity and went on spending binges. They are not doing that now. Okay. To a lesser degree, people are living for free for up to 2 years, so they still are able to spend somewhat. Things didn’t come to a crashing, grinding halt. Nevertheless, the money being spent and circulated is considerably less.
Yes, the government is printing money. Indirectly this has also allowed people to live for free for 2 years, IMO, and hence money continues to be spent.[/quote]
Sounds like you understand it just fine… the only thing is there is more to the economy than home equity loans, so to the extent that home equity loans are no longer contributing to monetary growth/spending, there are other things that can.
July 18, 2010 at 1:01 PM #580427Rich ToscanoKeymaster[quote=jpinpb]Okay. I’m trying to follow along, but I’m still grappling w/understanding this. The only thing I keep coming back to is the houses, “asset” has gone down in value. That is fine if you just hold, don’t sell, etc. The money isn’t *destroyed*.
The reality is that people extracted money/equity and went on spending binges. They are not doing that now. Okay. To a lesser degree, people are living for free for up to 2 years, so they still are able to spend somewhat. Things didn’t come to a crashing, grinding halt. Nevertheless, the money being spent and circulated is considerably less.
Yes, the government is printing money. Indirectly this has also allowed people to live for free for 2 years, IMO, and hence money continues to be spent.[/quote]
Sounds like you understand it just fine… the only thing is there is more to the economy than home equity loans, so to the extent that home equity loans are no longer contributing to monetary growth/spending, there are other things that can.
July 18, 2010 at 1:01 PM #580731Rich ToscanoKeymaster[quote=jpinpb]Okay. I’m trying to follow along, but I’m still grappling w/understanding this. The only thing I keep coming back to is the houses, “asset” has gone down in value. That is fine if you just hold, don’t sell, etc. The money isn’t *destroyed*.
The reality is that people extracted money/equity and went on spending binges. They are not doing that now. Okay. To a lesser degree, people are living for free for up to 2 years, so they still are able to spend somewhat. Things didn’t come to a crashing, grinding halt. Nevertheless, the money being spent and circulated is considerably less.
Yes, the government is printing money. Indirectly this has also allowed people to live for free for 2 years, IMO, and hence money continues to be spent.[/quote]
Sounds like you understand it just fine… the only thing is there is more to the economy than home equity loans, so to the extent that home equity loans are no longer contributing to monetary growth/spending, there are other things that can.
July 18, 2010 at 1:02 PM #579701Rich ToscanoKeymaster[quote=Nor-LA-SD-guy]Unless they start sending everybody checks, they don’t seem to have a way to get the money into circulation, without circulation, is the money supply really being increased?[/quote]
Personal incomes have risen, and the amount of money in circulation has increased, per the two graphs I posted in earlier comments… so I don’t understand the question.
July 18, 2010 at 1:02 PM #579794Rich ToscanoKeymaster[quote=Nor-LA-SD-guy]Unless they start sending everybody checks, they don’t seem to have a way to get the money into circulation, without circulation, is the money supply really being increased?[/quote]
Personal incomes have risen, and the amount of money in circulation has increased, per the two graphs I posted in earlier comments… so I don’t understand the question.
July 18, 2010 at 1:02 PM #580326Rich ToscanoKeymaster[quote=Nor-LA-SD-guy]Unless they start sending everybody checks, they don’t seem to have a way to get the money into circulation, without circulation, is the money supply really being increased?[/quote]
Personal incomes have risen, and the amount of money in circulation has increased, per the two graphs I posted in earlier comments… so I don’t understand the question.
July 18, 2010 at 1:02 PM #580432Rich ToscanoKeymaster[quote=Nor-LA-SD-guy]Unless they start sending everybody checks, they don’t seem to have a way to get the money into circulation, without circulation, is the money supply really being increased?[/quote]
Personal incomes have risen, and the amount of money in circulation has increased, per the two graphs I posted in earlier comments… so I don’t understand the question.
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